LONDON: A delegation comprising prominent British Pakistani businessmen held an important meeting with Pakistan’s Caretaker Prime Minister, Anwaar-ul-Haq Kakar, at the Pakistan House in London here on Monday.
During the meeting, Prime Minister Kakar highlighted the positive economic indicators stemming from the reforms initiated by the interim government. These advancements included the strengthening of the Pakistani Rupee, a reduction in inflation, and the anticipation of economic growth. He underscored that the removal of import restrictions, coupled with ongoing efforts to restore confidence within the business community, were poised to further bolster the nation’s external accounts.
The Prime Minister also emphasized Pakistan’s commitment to creating an investment-friendly environment. He elaborated on the various incentives and ease-of-business reforms put in place, and he introduced the Special Investment Facilitation Council (SIFC), which he chairs. The SIFC aims to streamline investment across key sectors through a single-window platform, ultimately enhancing the ease of doing business, eliminating bureaucratic hurdles, and charting a long-term investment roadmap.
A delegation of prominent British Pakistani businessmen called on the Caretaker Prime Minister Anwaar-ul-Haq Kakar at the Pakistan House in London today.
The Prime Minister highlighted positive economic indicators resulting from reforms pursued by the interim government.
He… pic.twitter.com/SskLfziYoV
— Government of Pakistan (@GovtofPakistan) September 25, 2023
Pakistan to Privatize Loss-making State-owned Enterprises
Furthermore, Prime Minister Kakar reaffirmed the government’s dedication to privatizing loss-making state-owned enterprises. He extended an invitation to overseas Pakistanis to seize investment opportunities in Pakistan, emphasizing the importance of diaspora businessmen contributing to the nation’s economic recovery. Special Economic Zones were highlighted as particularly attractive areas for investment.
The British Pakistani business leaders conveyed their appreciation for the Prime Minister’s outreach to the diaspora and expressed strong interest in expanding their business operations in Pakistan. They actively sought opportunities to increase their investments in the country. The delegation expressed hope that the ongoing reforms would continue in the long term, and they assured the Prime Minister of their unwavering support in propelling Pakistan toward sustained economic growth.
